Art Business l, ll, lll
One of the foundational courses in the Art Law and Business Program, Art Business (l, ll and lll) is intended to provide students with a basis of qualitative, quantitative and analytical skills necessary to run a business. The course is designed to provide a general understanding of the commercial and financial markets in general and the art market in detail.
Art Business provides an introduction to the main players and their interaction within the art markets; also introduced are the tools that are necessary to critically assess the markets qualitatively and quantitatively. The Art Business course investigates the dynamics of the art market(s) within the current international economy. Topics covered include: economics, finance, accounting, statistics, spreadsheet construction, marketing and strategy.
3 credits per term (9 credits total)
Language of Contemporary Art l, ll, lll
This course surveys the history and development of global art market from the 1960s to the present. Its goal is to provide students the necessary art historical background to understand the principles of formal and stylistic components of contemporary art.
The geographic scope will include both established western canon as well as emerging art centers worldwide. The course will progress both thematically and chronologically. The lecture series will introduce students to major artists and movements from across the global landscape. Each week will highlight a theme that examines the recognized artists whose work engages with these issues. It will also include lectures on the watershed exhibitions that define that moment as well as lectures on specific artists. Students will be assessed through mid-term and final exams.
2 credits per term (6 credits total)
Mapping the Art World
The goal of the course is to familiarize the students with the institutions that have historically played an essential role in shaping the art market (private dealers, galleries, collectors, auction houses, critics, museums).
We look at the various players who are central to the global art world. Students will hear from dealers with international galleries, advisors who travel internationally to keep up with art fairs and dealers, curators of international exhibitions and biennials, artists who show works around the world and public relations and marketing firms which will allow students to hear first-hand the issues central to working within a global economy.
In addition to the lecture, students will attend field studies once a week in and around New York. The goal of the field studies is to foster connoisseurship skills and to build an understanding of the current art market and of various art world environments. The field studies are a unique opportunity for students to develop the ability to look critically at artworks and to begin making determinations about value, based on specific criteria. This class will conclude with a trip to Miami Basel Art Fair.
Art Law, l, ll, lll
The Art Law course investigates the role that law plays in the commercial art world. It explores key legal instruments used in transactions, the roles of national and international legislation in the governance of the art market and the effects these have on the free movement of cultural objects between key international selling centers.
These courses will provide the students with a knowledge of a range of areas in international art business including: art law and taxation, appraisal/valuation, intellectual property rights, ethics and corporate social responsibility and use of information and communication technology.
2 credits per term (6 credits total)
As the world becomes progressively more reliant on smartphones, computers and future technologies, it is logical that global art businesses are devoting more time and resources to developing cogent online business strategies.
This course investigates how technology can be used as a strategic tool for an art or luxury goods business. The goal is to equip students with the digital tools they need to be effective professionals. The course is practical in nature and will allow the student to explore various technologies from databases to social media to graphic design software.
From becoming familiar with online auction strategies to the use of digital tools for exhibition design, this course will allow the students to acquire the necessary business and technological skills that have become crucial for anyone working in an art-related business.
Art Finance: Art as an Asset Class
The volatility of traditional asset classes in recent years has driven the search for greater stability of returns via alternative asset classes. The desire to reap higher risk adjusted returns from diversification into assets that offer low and even negative correlation with equities and bonds is extremely desirable.
Investment funds specializing in fine and decorative art investment have emerged that appear to offer a highly beneficial diversification strategy with extremely low correlation with traditional asset classes. It is important for investors to understand the so-called new alternative asset class. Learn about this “new asset class” and how it may fit into a client’s portfolio allocation; learn about how some wealth management firms now look at fine art as a new relationship tool to drive business; finally, learn about the underlying asset itself and how “investments of passion” can drive and increase assets under management.
Risk Management and Logistics
The growth of the global art market has been a catalyst for an entire niche economy that has evolved to support this growth. One major business development over the years has been in the area of risk management and logistics for the art market. Risk management often refers to art insurance and deals with ways of preventing and/or minimizing loss – but, risk management and logistics has grown to include much more, including: project management, collection management, storage, transportation, installation, exhibition services and care consultation.
Through a series of lectures, readings, and discussions with guest lecture practitioners, students will learn in detail about this growing area of the art world.
Arts Management for Non Profit Organizations
The Arts Management course is designed to provide a general understanding of the main non-commercial art institutions, such as museums, private foundations, and their interaction with the art markets. This course is designed to provide and develop an understanding of methodologies for analyzing the impact of art institutions and services on the wider economy and art market.
Issues explored include accessioning procedures, cataloging systems and information management, collections storage and handling, development of collections policies and legal and ethical foundations for gifts and loan agreements. Traditionally, these have been the responsibilities of the registrar or collections manager in a museum setting but with growth of private collections and galleries throughout the world the applicability of these skills has grown considerably and have become crucial to the running of an effective global art business.
Auctions, Appraisals and Valuations
Topics of the Appraisals and Valuations course lie at the very heart for fine and decorative art. This course will consider different methods that appraisers use to reflect value, issues of authentication, import and export policies, provenance, etc. The focus of the class will be on the actual production of an Appraisal Report.
This is the culminating independent project that allows students to develop their voice through researching and writing on a topic of their own selection. The project can take a variety of forms. The subject could be a body of work analyzing a sector of the market, a business plan, a study on the impact of a specific area of law or regulation, or another piece of commercial analytical work.
Master’s students pursue full-time internships during their final term. Students secure internships in a wide range of sites including Christie’s auction house, commercial galleries, not for profit art institutions and elsewhere.
All M.A. students participate in study trips to a major international art fair or other art event. Students will interact with the art and network with professionals while applying their newly acquired skills in a real-world setting.
Christie's Education offers a series of professional development workshops open to all M.A. students. A combination of Christie’s Professors, art world professionals and Christie’s Human Resources practitioners work closely with our students to enhance their skills in critical career related areas, including: resume and cover letter writing, presentation skills, networking, interviewing, negotiation, and public speaking. These workshops are intended to offer practical skills to complement the training received through coursework, ensuring that all graduates are well prepared for the current job market.
- Completed application form
- Non-refundable application fee of $95
- Bachelor’s degree or the equivalent international degree
- Official transcripts in sealed envelopes from all post-secondary institutions attended. All transcripts, diplomas or academic records must be official documents issued by the college or university and provided in the original language. Transcripts in other languages must be accompanied by English translations certified by official translation professionals or agencies
- All international transcripts must be accompanied by an equivalency report from World Education Services, WES.org
- Essay statement, 2–3 pages on why you are interested in the program
- Sample of writing, no more than 10 pages, which can be taken from undergraduate work or written specifically for the application
- Official GRE score report (optional)
- Official TOEFL scores report if applicable
- Three letters of academic or professional recommendation from writers who know the applicant’s abilities well. Letters should be sent in hard copy on letter head with original signatures
- Personal interview (by invitation only). Invitations will be sent once all application materials have been submitted
All admissions materials, including recommendation letters, must be submitted in hard copy to Christie's Education Admissions, 1230 Avenue of the Americas, 20th Floor, New York, NY 10020.
NOTES: International students enrolled in this program are eligible for F1 Student Visas. Details on how to apply for a visa are included in your admissions packet after being accepted into the program. Students enrolled in the Master of Arts in Art, Law and Business are eligible for federal financial aid, for details email firstname.lastname@example.org.
Christie’s Education students, both current and alumni, have access to the on-site Learning Resources Center (LRC).
The Christie’s Education Library consists of approximately 6,000 books and exhibition catalogues, sale catalogues, journals, e-resources and DVDs. Our library is an excellent resource that we are pleased to be able to offer to our students and alumni. The librarian is available to assist with reference queries during the open hours of the library.
Students at Christie’s Education also have access to a broad range of electronic resources. Through our affiliation with the auction house we have privileged access to Christie’s in-house sales database Lotfinder and to resources such as Artnet, Oxford Art Online and EBSCO Articles.
Desktop PCs, WiFi access and Canon Multi-functional devices with color printing and scan to USB available.
Christie’s Education Master's students have orientations on the resources available at New York art libraries such as the Thomas Watson Library at the Metropolitan Museum of Art, the Frick Art Reference Library, the New York Public Library and the libraries of the Museum of Modern Art.
Learning Resources Manager
Tuition and Fees 2017–2018
Due one month after acceptance
Due August 10, 2017
Fall Term Tuition Payment
Library and Media Fee
Student Registration and Services Fee
F-1 International Student Services Fee
Due December 5, 2017
Winter Term Tuition Payment
Due March 6, 2018
Spring Term Tuition Payment
Due August 10, 2018
Fall AY 2 Tuition Payment
$1,470.00 per credit; total program is 40 credits
*The F-1 International Student Service Fee only applicable for international students who require a visa to study in US.